Several attempts have been made in the past to cap credit card rates (as recently as last year by Hawley). Hawley proposed 18%. Bernie and AOC tried to get it capped at 15% in 2019. Both measures failed.
So Trump thinks he can cap it at 10%? Good luck with that.
Sort of like how the FED controls rates 😁
Then we are both weird that way. Unfortunately for many the CC balances have exploded during the past few years due to increased prices.I'd suggest cutting up the cards and living within ones means, but I'm weird that way.
We use CCs for the rewards. We just pay off the total balance each month. Card use is not really the issue. It’s rolling balances over and accruing interest that gets people in trouble.Then we are both weird that way. Unfortunately for many the CC balances have exploded during the past few years due to increased prices.
Debit card & cash is the way to go.